Goldman Sachs CEO David Solomon spoke Tuesday, US time. With the warning:
- says inflation is going to be 'stickier', harder to moderate
- says anyone running a business has to be prepared for a bumpy 12-18 months
The Federal Open Market Committee (FOMC) 'higher for longer' view is getting more and more currency.
Also comments re China:
- operating in China will get tougher over the next couple of years
- we will continue to serve clients in China
